TCW Group Inc. Sells 147,182 Shares of Travel + Leisure Co. (NYSE:TNL)

TCW Group Inc. decreased its position in shares of Travel + Leisure Co. (NYSE:TNL - Free Report) by 34.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 280,776 shares of the company's stock after selling 147,182 shares during the quarter. TCW Group Inc. owned approximately 0.41% of Travel + Leisure worth $12,938,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in TNL. UMB Bank n.a. raised its position in shares of Travel + Leisure by 1,948.1% during the 3rd quarter. UMB Bank n.a. now owns 553 shares of the company's stock valued at $25,000 after acquiring an additional 526 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Travel + Leisure by 2,759.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 629 shares of the company's stock valued at $28,000 after buying an additional 607 shares during the period. Atria Investments Inc grew its position in shares of Travel + Leisure by 14.4% during the 3rd quarter. Atria Investments Inc now owns 5,345 shares of the company's stock worth $246,000 after buying an additional 672 shares during the period. Family Firm Inc. acquired a new stake in shares of Travel + Leisure in the 2nd quarter valued at approximately $31,000. Finally, Larson Financial Group LLC acquired a new position in Travel + Leisure during the second quarter valued at approximately $36,000. Institutional investors own 87.54% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on TNL. Barclays upped their price objective on shares of Travel + Leisure from $40.00 to $41.00 and gave the company an "underweight" rating in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price target on shares of Travel + Leisure from $59.00 to $66.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. The Goldman Sachs Group upped their target price on shares of Travel + Leisure from $49.00 to $59.00 and gave the stock a "neutral" rating in a research note on Tuesday. Truist Financial boosted their price objective on shares of Travel + Leisure from $60.00 to $61.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Finally, Tigress Financial lifted their price target on shares of Travel + Leisure from $58.00 to $64.00 and gave the company a "buy" rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $57.80.

Insider Buying and Selling

In related news, Director Stephen P. Holmes sold 80,000 shares of the company's stock in a transaction dated Friday, October 25th. The stock was sold at an average price of $47.55, for a total transaction of $3,804,000.00. Following the sale, the director now owns 362,947 shares in the company, valued at $17,258,129.85. This represents a 18.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Geoffrey Richards sold 5,009 shares of Travel + Leisure stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $52.16, for a total value of $261,269.44. Following the completion of the sale, the insider now owns 125,209 shares of the company's stock, valued at approximately $6,530,901.44. The trade was a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 101,209 shares of company stock valued at $4,940,022 over the last ninety days. 4.02% of the stock is owned by company insiders.

Travel + Leisure Price Performance

Shares of TNL stock traded down $0.43 on Thursday, hitting $53.56. 459,879 shares of the company's stock were exchanged, compared to its average volume of 583,236. The company has a 50 day moving average of $50.99 and a 200 day moving average of $46.57. Travel + Leisure Co. has a 12 month low of $36.77 and a 12 month high of $56.91. The stock has a market cap of $3.66 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 0.78 and a beta of 1.63.

Travel + Leisure (NYSE:TNL - Get Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported $1.57 EPS for the quarter, beating analysts' consensus estimates of $1.49 by $0.08. The company had revenue of $993.00 million during the quarter, compared to analysts' expectations of $1.01 billion. Travel + Leisure had a negative return on equity of 48.06% and a net margin of 10.99%. Travel + Leisure's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.54 EPS. Sell-side analysts predict that Travel + Leisure Co. will post 5.75 EPS for the current fiscal year.

Travel + Leisure Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.73%. Travel + Leisure's dividend payout ratio (DPR) is 33.96%.

Travel + Leisure Profile

Travel + Leisure Co, together with its subsidiaries, provides hospitality services and travel products in the United States and internationally. The company operates in two segments, Vacation Ownership; and Travel and Membership. The Vacation Ownership segment develops, markets, and sells vacation ownership interests (VOIs) to individual consumers, as well as provides consumer financing in connection with the sale of VOIs; and property management services at resorts.